Even as Tesla remains the most shorted US-listed stock, it’s beating the broader market by a mile.

Tesla has soared 45% since putting in its 2018 closing low of $250.56 in early October. The S&P 500 has fallen 8% over the same time. Shares are now trading near $366, about 6.6% below their all-time high hit in June 2017.

All the while, Tesla remains the most heavily shorted stock in America, measured by short interest in US dollars, according to S3 Partners, a financial technology and analytics firm. Much to the chagrin of CEO Elon Musk, investors currently have a short position of nearly $10.4 billion, according to the firm’s analysis.

Musk has been infamously vocal about short sellers targeting his company. “These guys want us to die so bad they can taste it,”